Mexico central bank flags minimum wage hike inflation risk
FILE PHOTO: Gerardo Esquivel, a nominee for deputy finance minister by Mexico's president-elect Andres Manuel Lopez Obrador, speaks during an interview with Reuters in Mexico City, Mexico, August 21, 2018. REUTERS/Gustavo Graf
MEXICO CITY - Mexican central bank board member Gerardo Esquivel voted to cut the benchmark interest rate by 50 basis points at the bank’s Dec. 19 monetary policy meeting, minutes of that meeting showed on Thursday. Ultimately the board voted 4 to 1 to lower the rate by 25 basis points to 7.25%, citing softening headline inflation and slack in the economy.
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